Business
No doubt, 2020 left a lasting impression on many investors. With the effects of COVID-19, a contentious election season, and multiple stimulus bills, investors are sure to question if the coming year will lead to more of the same. In this episode of ???? ????? ????????, Certified Financial Planner™ Professional Tom Kennedy hosts Brad McMillan, the chief investment officer and managing principal at Commonwealth Financial Network®. This week’s topics include a 2020 report card on what worked and what did not. They deliver an outlook for 2021 including frank discussion on equities, fixed income, alternatives, the biggest threats, and general positioning for the year to come. They also tackle the new political environment and put a fine point on any fact and fiction surrounding the new administration. Guest Brad McMillan Bio Brad McMillan, CFA®, CAIA, MAI is the chief investment officer and managing principal at Commonwealth Financial Network®. He serves as the primary spokesperson for Commonwealth’s investment divisions and appears frequently on a range of media sites like the Wall Street Journal, CNBC, CNN International, Barron’s, and Bloomberg News. As if that is not enough to keep him busy, he writes a daily blog, The Independent Market Observer, and has authored Crash-Testing Investing, a tome for investors looking to protect their portfolio from potential crashes. Brad holds a BA degree from Dartmouth College, a MS in real estate development from MIT, and a MS in finance from Boston College. He also holds the CFA®, CAIA, and MAI professional certifications. To follow along with Brad and his market musings and videos check out The Independent Market Observer. Find it Fast 4:00 2020 Recap 6:02 Stimulus Effects 7:35 Political Perspective 8:18 Market Response 9:40 Normalization of Market 11:12 Emerging Markets 12:25 Healthcare 12:48 Commercial Real Estate 15:10 Interest Rates 17:16 Equity Markets 18:33 Fixed Income 21:19 Bond Market Expectations 22:50 Potential Market Disruptions 23:58 Further COVID-19 Effects 24:45 Positioning Thoughts for 2021 26:00 Reddit Effect Listen in to Your Money Momentum published every other Friday, just in time for your morning commute.